TTM Technologies (TTMI): Evaluating Valuation After Strong Recent Share Price Gains

TTM Technologies (TTMI) has caught investor attention lately, as its shares have delivered double-digit growth over the past month and significant gains across the past year. For many, the company’s recent trajectory raises fresh questions about its valuation and future prospects.

See our latest analysis for TTM Technologies.

TTM Technologies’ strong 30-day share price return of nearly 14% and an even more remarkable year-to-date climb of over 170% have clearly turned heads, with investors interpreting the latest moves as validation of long-term momentum and growth potential. Whether you are tracking the company’s rapid ascent or evaluating risk, these recent gains showcase a confident market mood. With a five-year total shareholder return topping 420%, the bigger picture suggests momentum is very much on its side.

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But with the stock’s rapid gains and shares trading just below analyst targets, investors are now left wondering if there is still untapped value in TTM Technologies or if future growth is already fully reflected in the price.

Most Popular Narrative: 11.6% Undervalued

Based on the most widely followed narrative, TTM Technologies' projected fair value sits notably above the last close. As excitement builds around growth catalysts, the narrative sets bold financial expectations for the next several years.

Large-scale data center buildouts announced by tech giants (e.g., Google, CoreWeave, Meta) and TTM's new Wisconsin facility position the company to capture outsized demand for advanced PCBs and interconnects required for AI and cloud infrastructure. This directly supports revenue growth and long-term customer relationships.

Read the complete narrative.

Want to know why analysts are forecasting a valuation jump? The real drivers behind this price target are aggressive growth in high-demand sectors and a profit surge. Curious about which numbers anchor these projections? Check the full narrative to discover what’s fueling this upbeat outlook.

Result: Fair Value of $75.50 (UNDERVALUED)

Have a read of the narrative in full and understand what's behind the forecasts.

However, ongoing operational challenges and reliance on key customers could quickly shift sentiment if execution or demand trends weaken.

Find out about the key risks to this TTM Technologies narrative.

Another View: High Valuation Multiples Raise Questions

While the most popular narrative argues that TTM Technologies is undervalued, a second look through the lens of company earnings tells a different story. The shares currently trade at a steep 52.3 times earnings, which is much higher than the US Electronic industry average of 24.9 times and also well above key peers at 32.9 times.

Even when compared to the market's fair ratio of 35.9, this high number suggests investors are paying a premium for future growth. This premium could mean there is less room for upside if growth expectations are not met. The optimism embedded in today's price could leave the stock vulnerable to disappointments.

See what the numbers say about this price — find out in our valuation breakdown.

Build Your Own TTM Technologies Narrative

If you are looking to dig deeper or want to build your own perspective on TTM Technologies, it only takes a few minutes to analyze the data for yourself. Do it your way

A great starting point for your TTM Technologies research is our analysis highlighting 2 key rewards and 1 important warning sign that could impact your investment decision.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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